From KCRW and KCRW.com, I'm Kim Masters, and this is the business.

And I remember going around the first day of set, introducing myself to everybody,

and oh, and your name is Ryan? Great, and what do you do? I'm the gaffer. Oh, cool. What's a gaffer?

Director Lynn Shelton was a stage actress and photographer before she decided to make movies.

With well-regarded Indies Hump Day and Your Sister's Sister under her belt,

she tells us she's ready to move more mainstream with laggies, starring Kieran Knightley.

But first on the Hollywood news banter, times are changing.

HBO is going over the top, and CBS has already launched its own streaming service.

Stay tuned. It's the business from KCRW.

I am joined by my banter buddy, Michael Schneider of TV Guide magazine. Hello, Michael.

Hey, Kim.

Well, a lot of news to talk about today. This past week, first of all, HBO came out as part of a giant presentation that Time Warner did to explain its greatness to Wall Street.

I will just pause and say that Time Warner had been under pressure

because, as we have previously discussed, Fox, Rupert Murdoch,

bid for the company, a lot of money.

They rejected that offer.

And now Jeff Bucas, the head of Time Warner,

is trying to show the world that he's got a plan

and the plan is going to be good.

And you shouldn't be sad that the sale didn't happen, and you didn't get to pocket some profit from that.

So as part of that, out comes HBO, big announcement.

Yeah, actually, HBO announced an over-the-top service, which we've been waiting for for a while,

...